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About Josephine County, OR

I LOVE Happy Short Sale Endings!

Mel Peterson -  The Naked Blogger: Real Estate Agent in Grants Pass, OR

I Love Happy Short Sale Endings!I LOVE Happy Short Sale Endings! This Oregon Short Sale was a bit of doozy! Mostly because it was a very rural property consisting of 2 homes and a shop on 50+ acres in Glendale, Oregon. Because the land was more valuable than the structures, it was nearly impossible to obtain buyer financing, with the exception of a hard money loan. Trying to find an all cash buyer for this Oregon property was like trying to find a needle in haystack. We knew we needed a miracle.

A Miracle Indeed. After several months of marketing, along came an all cash buyer, and she was totally patient too! As most of you know, there's rarely anything short about a short sale, except what the bank is willing to accept as a payoff. And because many banks take an exorbitant amount of time to process the necessary short sale paperwork, buyers often become impatient and walk just before you receive 3rd party short sale approval.

Fortunately, this Buyer wanted the property real bad, so she was willing to wait the 10 weeks it took to get bank approval. God bless her! And 30 days later, we closed another successful Oregon Short Sale. One happy Buyer plus one Happy Seller equals two Happy Realtors! Thanks to my fellow colleague Blanche for doing a fantastic job in calming the Short Sale seas. And a very special thanks to my Negotiator, Lillie, who knew the right buttons to push and had the persistence necessary to keep pushing them. Oregon Short Sale miracles never cease!

I LOVE Happy Short Sale Endings, don't you?

Up-Sizing in Grants Pass, OR- Reverse Mortgage Purchase to the Rescue

03-09-12
Nadine Petel
Nadine Petel: Loan Officer in Grants Pass, OR
Up-Sizing Made Easy

Thanks to a Reverse Mortgage for Purchase, Sassy senior citizen, Laury Laursen, is revved up and ready to
party in her new home in Grants Pass. She is no stranger to town as she owns a home just around the corner from the home she just purchased. Though she liked the home and the neighborhood she was living in, she likes to shop and it just wasn’t big enough for all of her “crapola”. Up-sizing was the only solution so she turned to Nadine Petel of Security One Lending for help.
Who Qualifies for a HECM Purchase?
Laury, a retired Las Vegas showgirl, is loving life and sports cars, and will be able to enjoy her new home without having to make a monthly house payment or move out of her current neighborhood. Folks 62 or over can qualify for a HECM purchase loan if they have the down payment and a property that meets FHA guidelines. Qualification is not based on a credit score, just your ability to pay your taxes and insurance.


What About her Existing Home?
The home she has been living in the last few years is now on the market and she doesn’t have to stress-out about how long it will take to sell. The reverse mortgage for purchase loan required her to put down about 40% but there are no monthly payments required, she just has to keep her taxes and insurance current.
Do The Low Values Help or Hinder the HECM for Purchase?
While many people are suffering because of the reduced home values, Laury has come out on top since the lower home value required a lower down payment. For Laury, the reverse mortgage for purchase was a great financial tool that helped her to maintain her monthly cash flow. When she sells the home that is now on the market she will have her down payment money back to reinvest. Sweet!

HECM Purchase Client

Looking for Love ( or at least for fun!)
Now, if she could just find another outgoing and fun loving senior that could keep up with her, she would really be in good shape.
Gentlemen?
For more information on HECM for purchase ( or contact information for
Laury!) contact Nadine Petel at Security One Lending at 541-955-4518 www.nadinepetel.com

Streakin' Thru The Blogosphere

Mel Peterson -  The Naked Blogger: Real Estate Agent in Grants Pass, OR

Streakin thru the Blogosphere - Melinda PetersonStreakin' Thru The Blogosphere. When I was three years old, my inquisitive nature led me on a joy-ride through the streets of the San Fernando Valley on my red tricycle. When the police found me, I was butt naked. I've always wondered how they managed to find where I lived and return me home safely.

In my later years, I quietly observed the world from the sidelines. I had a curiosity for people, places and things. I watched as others shook the apple tree, while I stood by and enjoyed the fallen fruit from my obscure corner of the world. Life seemed easy, breezy, peasy when I put on my rose colored glasses. As the years went by, my dreams of paradise faded into a cruel reality of daily drudge and dismal opportunity. I wondered, is this all there is?

Being a Spectator certainly has its benefits. There's little risk, and the wheels on the bus go round and round. But, there's something to be said for throwing caution to the wind, blazing a new trail and leaving dust clouds in the rear view mirror. I've never been comfortable with mediocrity or complacency, it's just not me. My senses are fully engaged in unfamiliar environments that are colorful, captivating, heartfelt and amusing. Grabbing life by the horns and riding the bull to the end is exciting, crazy, scary and satisfying. It's raw and real and it's definitely my comfort zone. Those who've tried to squelch my naked adventures know that I won't go without kicking and screaming.

I've recently traded my rose colored glasses for a pair of spectacles, but my adventurous spirit lives on. I suppose my insatiable thirst for paradise shall never be fully quenched. I still get naked on occasion and ride my bike thru the blogosphere of life... aka, The Naked Blogger. Fortunately, I no longer need a police escort to find my way home ;)

Streakin' Thru The Blogosphere

OMG... The Joke's on Me

Mel Peterson -  The Naked Blogger: Real Estate Agent in Grants Pass, OR

OMG... The Joke's on MeOMG... The Joke's on Me. I had a little OMG moment last night when I received an anonymous not-so-nice email from a Realtor in my neck of the woods. Currently, I'm the President of my local MLS Association, and we recently notified our members of an upcoming fee increase. As a result, I've been receiving some unpleasant emails from Realtors who are understandably a little peeved. Here's the latest:

'So you think you can get away with raising our dues, huh? Who put you in charge anyway? I'm pretty sure that most of you guys are all from California and think us real Oregonians can't figure out what is going on. Your just like this government, just keep raising taxes to support all your little kingdoms. I don't see why we need a board anyway. Most of us can run our business with out you just fine, thank you. There's a lot of agents in this town that feel just like I do, and if you know what's good for you, you'll take your outrageous fee increases and put them where the sun don't shine lady. and how do you justify charging us more money to pay somebody to answer the phones over there $50,000 a year! that is outrageous. Most of us don't even make that kind of money anymore. And I don't see why one of you get to go on these "important" trips around the country. I think everyone of us should get to go. How about a drawing out of a hat each year so we can take a trip too. I elect Vegas. Rumor has it that there is a petition going around to stop you guys in your tracks. Be prepared!'
Upon receiving this little diddy, I immediately forwarded the email to my BF and called to get her opinion. We chatted earlier in the evening regarding several other unpleasant emails I've received in recent days, so this one would come as no surprise. My friend was very concerned and wanted to know what I was going to do. I told her I was going to forward the email to my Board of Directors for their input. Then I was going to contact my email service provider and see if they could trace the IP address of the anonymous sender. As soon as I uttered those words, my friend started laughing.
I asked, why are you laughing? She said... because I wrote it. OMG... are you friggin' kidding me?! At that point, I spewed a boat load of vernaculars that I don't care to repeat... but suffice to say that I was cussing like a drunkin' sailor! OMG... the joke's on me! I've never cussed so much, felt so pissed, and laughed so hard in one short conversation. You got me good girlfriend... but paybacks a bitch, my friend!

Slaying Dragons with a Smile!

Mel Peterson -  The Naked Blogger: Real Estate Agent in Grants Pass, OR

Slaying Dragons with a Smile! Recently, a fellow cohort, Susan Tokarz-Krauss, asked the question... 'What have you been up to Mel?' My reply... 'I've been guarding the drawbridge, declaring war, slaying dragons and giving notice to the next of kin while burying the dead. Would you care to join me?'

Slaying Dragons - Melinda Peterson & Susan Tokarz-Krauss

Melinda Peterson - President of GPMLS & Susan Tokarz-Krauss - President of GPAR

It's not an easy task to manage a successful real estate brokerage while presiding as President of the Grants Pass Multiple Listing Service. Add a serious health condition to that equation, along with a few wicked dragons, and you have a mock cocktail that potentially spells disaster. But... not for this Chickipoo!

Someone recently told me... 'You can't keep a good woman down!' Isn't that the truth. I've come to terms with recognizing my limitations, but I'm not the kind of person who cowers in the face of adversity. I am woman, hear me roar! Only foolish Jesters would be inclined to think I might turn a blind eye to those who lie, steal, manipulate and fling insults in my face (or behind my back) unjustly. Those silly fools!

I've been challenged on many fronts these past few weeks. And while I occasionally have to guard the drawbridge, declare war, slay dragons and give notice to the next of kin while burying the dead, I will always do so with kindness and a gentle spirit ;) I will continue to practice The Golden Rule and do the right thing every time, all the time, regardless of the circumstance.

A Very Special Thank You... to those of you who have taken the time to call, email and send me personal notes over the past few weeks. I've been a little busy slaying dragons, but I plan on responding to each one of you personally. Your kind thoughts have meant the world to me! {{{HUGS}}}